IFC and Institute of Directors-Ghana Encourage Sustainable Business Practices in Ghana

Accra, Ghana. May 23-26, 2016 –
IFC, a member of the World Bank Group, and the Institute of Directors-
Ghana (IoD-G), this week are gathering professionals from a wide range
of businesses to help strengthen business practices by adapting good corporate
governance. The goal is to boost productivity among Ghanaian businesses
and help grow the economy.

IFC and IoD-G are co-organizing an event
in Accra to increase the number of trainers equipped with the capacity
to effectively transfer knowledge of corporate governance practices. The
initiative will improve business operations by building greater market
knowledge on how to achieve sustainable value creation and growth. About
14 trainers from seven institutions are attending the event.

Fred Ofosu Darko, President of IoD-Ghana,
said,
“IoD-G is demonstrating its commitment to improve the use of corporate
directors in a way that supports business growth and productivity. Together
with IFC, we are creating a pool of trainers that will boost the adoption
of corporate governance best practices in a wide range of companies and
support growth in the economy.”

IoD-G has been working in partnership with
IFC since October 2015 to help encourage companies adopt and institute
good corporate governance practices in Ghana. Adopting good corporate
governance provides companies with the tools needed to respond to stakeholder
concerns.

Ronke-Amoni Ogunsulire, IFC Country Manager
for Ghana, said, “One of our key focus areas is to help Ghanaian businesses
grow. Corporate governance is an important tool that can help move them
to a different level; for example, adopting corporate governance practices
can help companies attract a more diverse pool of investors to grow their
businesses. We are pleased to work with IoD-G to build a database of trainer
resources to help more businesses understand and use these tools.”

IFC’s Africa Corporate Governance Program
improves the performance of businesses by helping them adopt good corporate
governance practices and standards that are adapted to regional priorities.
The program is funded by the State Secretariat for Economic Affairs (SECO),
Switzerland.

About IFCIFC, a member of the World Bank Group, is
the largest global development institution focused on the private sector
in emerging markets. Working with more than 2,000 businesses worldwide,
we use our capital, expertise and influence to create opportunity where
it’s needed most. In FY15, our long-term investments in developing countries
rose to nearly $18 billion, helping the private sector play an essential
role in the global effort to end extreme poverty and boost shared prosperity.
For more information, visit www.ifc.org

About IoD GhanaIoD is a professional organization committed
to the professional practice of Corporate Directorship. Its vision is to
champion director professionalism and development through good corporate
governance for the benefit of organizations and stakeholders and for the
prosperity of Ghana. IoD is committed to unlocking and recognizing member
potential through provision of world class learning opportunities, knowledge
sharing, networking, mentorship and promotion of world class standards
in Corporate Governance (“CG”). It provides an array of services guaranteed
to add value to the careers and work of professional directors. It also
seeks to establish standards on the qualification and conduct of directors
and the boards on which they serve. For more information, visit www.iodghana.com

About SECOSECO is Switzerland’s competence center
for all core issues relating to economic policy. SECO’s economic development
cooperation strives to achieve sustainable growth. Such growth is sustainable
if it creates jobs, helps to increase productivity, to reduce poverty,
inequalities and global risks. For more information, visit www.seco-cooperation.ch.